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studying the b.p. case and the relationship between business and the environment. how important is today's set element -- settlement. >> this is the biggest story.no. we have more dollars at stake. >> in terms of how importantthil us a little more. it's a record settlement. but it does encompass quite a few different features. in addition to the felony charges there is the fec investigation and the resolution of that matter and that is a big deal. >> darren is saying it's notove. the government is bringing gross negligence charges against bp. bp is going to fight it vigorously how is that going to play out? >> it's difficult for them toave standard when they admitted to the felony charges. when it's related to the environment. it's some $20 billion this is a big story but it's an even bigger story ahead. >> there have been so many fines there a silver lining to all of this? does this make the deep water drilling safer going into the future? >> well it's certainly a goodstr investors and the shareholders will see the company in a greater light. brrchltbut unfortunately we aret going to se
basically stopping his from wrecking the environment. they eat croupier's year, department of health, all sorts of government operations because they're worried about toxic leaks and hazardous materials, but of tell you something. the weight of this is astounding surpassing the weight of the empire state building, and it's going to reach the weight of the entire u.s. space station. what's going to happen, it was slowly and steadily remove this debris completed an 18 wheeler trucks and ship it out of new york state possibly into states like pennsylvania where possibly public sector -- public companies like waste management can bid on deals. basically one man's trash is another man's treasure, but it's heartbreaking. when seen throughout the day, mattresses, dryers, washing machines, photo albums, along shares, baby carriages, bicycles. standing around here, i have picked up photos of of the ground from -- it's heartbreaking. black-and-white shots, color shots, just around here in the area. we have been here throughout the day. the president did a flyover right over this site at about 7:30
municipal bond etfs. my question to you is, in this environment, with the economic environment, with the possibility of a compromise regarding the fiscal cliff, vis-a-vis the increase revenues and cuts in spending, what is your analysis and your opinion on the tax free municipal bonds at this juncture? >> you have to buy them. the individual is going to go right back them and move them up. i think that's a great place to be. don't touch them. i want you to buy them. brilliant idea. now we go to paul in louisiana. paul? >> caller: hey, jim. thanks for taking my call. >> no problem. >> caller: i've been just getting in and sticking with a stock itw. i've been following it for a couple months. they seem to be doing pretty well. there is going to be a change in the leadership. can you comment? >> david spear passed away which is -- he was a terrific guy. this is a very well run company. i suspect that they won't really skip a beat. it's always been a favorite of mine. i would continue to own it. i wouldn't buy it off this. he's a good man. i think it's fine. i think it is fine. is
that may be hoarding cash to protect themselves in this uncertain environment but does that mean, likely, they're going to spend that cash or put it to work once we get a resolution of the fiscal cliff? >> it all depends on how it gets resolved. if obama gets his way, and we get big tax increases on small businesses, but also increased double taxation of dividends and capital gains, we'll have a less friendly economic environment for investment to car inside the united states. and that would mean an incentive for companies not to conduct business here. maybe to expand their branchs and their operations overseas. yes, there's the short-term uncertainty in the fiscal cliff that's hurting, but then i actually agree with michael. it's long-term fundamentals that matter. our government is just too much of a burden. >> steve, what's at stake here? >> i want to talk about two scientists from two different fields. one is pav lolov. a dog would salivate when you put food in hem. ed prescott took that idea and said, you know what, when companies spend, they spend after and during recessions when t
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! could've had a v8. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health
air strikes. and it has been a problem since this administration helped create the environment in north africa. and in the middle east, with those who want to see israel destroyed could take power. more violence has occurred. not less. more people's lives are in danger, not less. there's less freedom of worship, not more. the things that we believe in, freedom of worship of all people, or no worship if people choose not to worship, those kind of things should be kept. and yet, we are seeing this administration took over afghanistan, more americans die and about half the time under commander-in-chief obama has died in seven years than president bush. american military. over 70% of those killed in afghanistan have been under commander obama and about half the time. we have seen violence escalating against americans in afghanistan. we have seen the last christian church, public christian church pull out of afghanistan. this administration should be encouraging freedom of worship, encouraging the liberation of women, of children. and yet, for all its help, it has created environmen
. not the revenue. the revenue is nice if we don't hurt people. the goal is to save the environment and reduce global warming. >>stuart: you think carbon taxes will save the land it? >>guest: yes. we need to reduce the carbon emissions. >>stuart: are you worried about the next big storm because we are putting out too much carbon? >>guest: i am. a lot of people in new york city and tri-state area are still suffering. so i am worried. i am worried, more, for what my children and grandchild will experience in big storms if we don't get behind this and start resolving it. >>stuart: you have a rebate system that stops middle income and poor people from paying it but business would? >>guest: absolutely. the american interprice institute prefer the carbon tax to, for instance --. >>stuart: they prefer nothing. they do not want any tax but if they have to have one they want a straightforward tax. you think we will get it? >>guest: i do. it will be the republicans proposing it. >>stuart: the republicans the propose this? you might be right, the right would prefer a carbon tax to increased taxes on inco
much of that money will be used to restore the environment in the gulf. turning now to another topic entirely, the disaster that we just went through in the new york region, who could forget when the world's largest economy ground to all as arcane sandy battered the east coast. today is a market blackout marks the first time in over a century that was free throws for over 24 hours due to weather. my next guest says he is calling the industry reckless, proposing a solution to prevent this from happening again. the commissioner of the commodities futures trading commission, one of the biggest regulators in washington. what do you want to do? i thought this was bad news. i have to say. i know a lot of people offended, but at the end of the day the markets seem to be open. >> that's right. and you hate to have these devastations of people moving money around when they're is a loss of life and property they have been covering, and we all feel for that. but my job is to let markets. in the post september 11th world is seems to me that we have to have plans in place to assume that the worst
damage was being done to the environment than in fact was really occurring. acknowledging those lies, b.p. has agreed to plead guilty to felony obstruction of congress. make no mistake. while the company is guilty, individuals committed these crimes. and we have also unsealed today a 23 count indictment charging b.p.'s two highest ranking supervisors aboard the deep water horizon with manslaughter and violation of the clean water act. the indictment charges the two b.p. well site leaders with negligent and gross negligence on 2010. the red flags indicating that the well was not secure both men failed to take appropriate action to prevent the blow out. a separate indictment was also unsealed today charging a former senior b.p. expect sive with obstruction of a investigation and making false statements to law enforcement officials. the indictment alleges that he on behalf of b.p. intentionally under estimated the amount of oil flowing from the well. he allegedly cherry picked pages from documents, with held other documents al together and lied to congress and others to make this spill app
" cramer gave you ideas for keeping your portfolio airborne in this environment. what sky high advice is he about to give right now? jim's mad dash is coming up next and romney for president policy adviser lanhee chen. take a look at futures as we start into the open bouncing off three month lows. "squawk on the street" continues right after this. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >> jim and his mad dash talking. this week is a watershed week for nat gas in general. >> cold in new york. 28 degrees. that often can burn off the inventory. clean energy fuels had them on last night. why focus on this? they have a clear growth path to build out stations. lloyd blankfein said in his editorial that key thing for growth in our country is energy. abundant energy. i thought we should look at clean energy that would benefit. markwest, this is a company that has a price above where they d
. devastating the environment there. tourism costing many people their jobs, as well. cnn's ed lavandera saw the devastation firsthand when he covered the story. ed, as, of course, we wait eric holder's arrival, i'll let you proceed and may have to interrupt you as soon as he is to enter the room. so, what kind of reaction is there from this $4 billion planned settlement? >> reporter: well, i think a lot of people in the gulf coast region trying to figure out what all of this means and the money will be parcelled out. >> all right. sorry about that, ed. you have to hold that thought there. here's u.s. attorney general eric holder. >> i'm honored to join with associate attorney general tony west, assistant attorney general for the criminal division of the justice department lanny brewer, director robert casami of the security and exchange division, john beretta, head of the de deepwater horizon and achieving justice for those whose lives and livelihoods were impacted by the largest environmental disaster in the history of the united states. and to hold accountable -- hold accountable those wh
in this environment. carl, back to you. >> wednesday is the day when they name the new partners at goldman, i believe. >> that's right. >> people waiting for the call. >> people close to or a source close to goldman sachs says it will be the smallest class in over a decade. probably less than 70 will be named partners at goldman sachs this year. back to you. >> thank you so much. mary thompson at headquarters. a big mover in drilling and natural gas space. >> weatherford this morning off 12% at 3.5 year low. the company warning that fourth quarter is going to come in for earnings below consensus on that number. and they also said that they still have not been able to resolve what they call material weakness in internal controls over financial reporting. they actually didn't break out their third quarter numbers. stock getting hit hard on a day when energy is already to the downside. >> motor trend magazine naming tesla's sedan the car of the year. will the model live up to the hype? we'll find out when tesla ceo elon musk joins us. >> just seven short weeks left to hopefully do a deal on the fiscal c
that climate change has little to do with the state of the environment, but much to do with the state of capitalism and transforming the american economic system and you see an opening with sandy, right? >> i do see an opening because, you know, whenever you have this kind of destruction there has to be a reconstruction and what i documented in the shock doctrine is that these right-wing think tanks leak the american enterprise institute and the cato institute and heritage foundation, they historically have gotten very, very good at seizing these moments of opportunity to push through their wish lists of policies and often their wish lists of policies, after hurricane katrina there was a meeting at the heritage foundation just two weeks after the storm hit. parts of the city were still under water and there was a meeting and "the wall street journal" reported from it and the heading was 31 free market solutions for hurricane katrina and you go down the list and it was -- don't re-open the public schools. replace the public schools with vouchers and drill for oil in anwar and the arcti
the atmosphere that we are facing and the environment that we are going to face in january? >> first thing i would remind them is to expect the up expected. a couple of years ago, we were all stunned when president obama signed into law the tax relief act that extended bush tax cuts and increased transfer tax exemptions to historic levels. we are now looking at something very different and we need to prepare for taxes rising, but also, take advantage of certain opportunities today. as you say, we have got about six weeks left to get it done. >> let talk about some of those advantages, because it's such a scary story really. >> yes. >> if you've had a decent year in the market and you have some gapes, a lot of people are talking about apple, for instance, there's some thought that maybe if you have a pretty decent gape in apple, do you take those profits this year? do you accelerate your income at this point? >> well, think about what's happening to capital gapes tax rates. we are at 15% today, slated to go up to 20% in january, plus you have the specter of the new medicare tax, which now we
at a normal interest rate, i'm a guy that wants to go 50/50 bond equities, are you saying in this environment i should be 75 equities, 25 bonds because of the risk? >> yeah, i think the problem is nobody is 50/50. today people are sitting at 80% this bonds. 10% quit tis and a little bit of cash. here's the big issue. americans need to retire. 75% of them have already said they don't have enough money. 40% said they'll never have enough money. so they're funding their lon term liability which is retirement 15 years, on average 58 years old, and they're funding it with a security that's at the end of its peak cycle. so usual getting zero rate of return and you're saying i'll fund the liability by an investment that i'm guaranteed to lose money in. the world is more complicated. it's not 50 stock and 50 bond. so you have to say i need to start to move into a more balanced portfolio. the big problem people have is they think it's a binary switch. i go from stocks to bonds. maybe risky people and speculate tors do that. but it means i need to start to lessen my bond position, because more balanced
're talking with mike magner, the "national journal" energy and environment managing editor. he's also got this terrific book called poisoned legacy, great read about bp's rise to power. bp both on how they handled the gulf coast spill but also some other things in their record. mike, how bad are things in the coast right now? >> oh, boy, there is a long way to go on the cleanup. bp spilled an estimated five million barrels of oil into the gulf and in addition to a lot of natural gas that leaked and then when they were trying to clean it up, they used all of these dispersants, these chemicals that have really never been used on that scale. they cleaned up a lot of it by burning some of it off the surface and scrubbing what landed on the beaches but i talked yesterday to people in louisiana who say that there's still at least a million barrels out there. some of it is in wetlands in louisiana that's really difficult to clean up. and some of it -- because of the dispersants is still floating around out there. in particles and at
to make it possible. >> develop a supportive environment that helps moms. >> the voluntary recommendations include keeping mother and baby together 24-7 moller in the hospital. no pacifiers. >> less incidence of asthma allergies, and diabetes. >> shady grove has stopped accepting formula from companies. the offer private rooms were staffers can nurse or stored their milk. >> my mother did not breast feed me. if i am having a hard time, she will say let's give her a bottle of formula. >> officials say support for breast-feeding moms need to continue once she is home and back to work. >> i do not know how many times i have gone out or i do not have enough diapers, but i have milk. >> some others or choose -- cannot or choose not to breastfeed and officials say that is completely their choice. the goal is to support those who do breastfeed as long as possible. >> the legendary rockefeller center christmas tree -- this norway spruce is coming from new jersey. a town that was battered by hurricane sandy. the treated survive. -- tree did survive. >> that is a symbol of survival like all of the p
environments. >>> researchers in canada say there's no need to fast before taking blood tests to determine blood cholesterol levels. they found results on patients who did not fast were accurate as long as the doctors knew the hour of the patient's last meal. >>> you're trying to quit smoking? well, there may be an app for that some day. resevers in new zealand say smartphones could be a new tool to help smokers quit. they found smokers who received motivational text messages are more likely to stay away from cigarettes. that's kind of interesting. >>> time now for the question of the morning. >> what word most married couples use to describe their spouse? is it a, understanding, b, stubborn, c, forgetful? >> they don't sound very nice. log on to our facebook fan page. we'd love to hear what you think. we'll have the answer in our 6:00 hour. we're also giving away tickets to "les miserables." all you have to do is answer the question of the day correctly. we'll put your name in a hat and randomly draw a name every day. "les miserables" is at national theater coming up next month. we'll be
school. the goal is to emphasize the need for safer school environments. >>> local government leaders, students, teachers and local religious leaders are working to reduce teen smoking. today they're going to join the healthcare coalition for all in annapolis to ask for a $1 increase. three cigarette taxes have reduced smoking by 32% in the state of maryland. that is more than double the current national average. >>> you voted to expand gambling, now you're going to find out exactly what that means. this morning maryland casinos are going to be offering plans for table games and 24-hour gaming. they're expected to address the reconfiguration of the casino floor to help accommodate those new games, the creation of 1200 jobs and introduce a dealer training school. officials will also talk about the impact this could have on future tax revenues for the state of maryland. >>> time now for a check of that forecast once again. lynette is here with us. you talked about the changes that were coming. this was on friday and into monday. you have certainly held up your end of the deal. >> i lo
this on the eve of an election. again, i'm obviously not positing some huge conspiracy. in our environment, in our hyperpartisan environment, most people in a situation like this seeing any possibility for political advantage would have raced to expose something like this, right? general petraeus was confronted about this two weeks ago, right? two weeks before the election. chose -- ultimately decided to resign but didn't decide to resign at that moment. was there part of the reason he did not decide to resign immediately upon being confronted on this, he knew it would be embarrassing for the administration on the eve of an election? that's a reasonable inference. there's so much we don't know because so many people individually have not spoken publicly about the chain of events and their motivations in terms of keeping quiet at a moment of maximum political volatility. >> just to clarify because i've raised a lot of questions here, my biggest concern isn't what happened at the end. i understand there are a lot of conservatives that are going to be thinking that this was -- >> cover-up. >> benghaz
should be positioning your portfolio in this environment of uncertainty. he manages more than $14 billion for westfield capital. and will, i know you've got interesting thoughts about what's working right now and what people should be doing. which is great, we hear from a lot of people who freeze up at this point, keep things in cash. but you're looking specifically at stocks that might benefit from things like an improvement in the housing industry, which is something we heard yesterday from home depot. >> yeah, exactly. i think the one big difference with the debt ceiling negotiation, for example, the republicans had an incentive to make the current administration look bad because they're trying to win an election, right? well, now with the election over, i think there's an incentive for them not to obstruct. and so i do think something will get done. it'll most likely be a minor deal to buy some time and maybe we get a major deal in 2013. but at the end of the day, i think there'll be some fiscal drag in the first half of '13. rather than sitting cash where you get zero, what can you d
such as protection of the environment as well as narrowing the gap between rich and poor. but as i said, these are very carefully worded. especially this year. no one wants to say something that is too aggressive or too reformist. because of course there is a pretty powerful group that are against pro market reforms. there are some that benefit, some leaders especially that benefit from the status quo like the officials of state owned enterprises which enjoy some advantages in the form of easier access to loan and less competition. >> if i could ask whether it really matters if the way that we read the tea leaves if it's the reformers or the conservatives here who have more influence in terms of this transition. what he he's the latest view one impact it will have? >> tons of speculation ahead of the roll out on thursday. it's likely going to be a mix of both some reformerses and some conservatives, but you're right in the sense it may not matter in the short term, but long term it will have an impact because some analysts say that the hu jintao administration on the way out did not do
can see a hair floating wildly in the anti-gravity environment. she choked up as she spoke of the enormity of the work that she and her fellow astronauts do up there. take a listen. >> we are honored to be fulfilling that dream and living that dream right now. so i just wonder what is going to happen -- or what our future has in store for us, 10 years, 25 years, 50 years and 100 years from now. >> reporter: incredible shot there. she handed it off. they return to us at 8:53 with a russian and a japanese astronaut. they have had a busy motion to fix a radiator leak, the docking of the dragon, the first cargo craft to visit the international space station and they have been part of human scientific tests. to cap it off, they had a close call with a chunk of space debris on friday. the crew had to be ready to scramble to the life boat, while the debris drifted within two moyl miles of them. in space, that's really, really close. a big sigh of relief from the career. back to you. >> shannon: highly technical work. those are brave folk, bringing back the information to help us w
tax environment is the reality in the future is just a matter of what is the order of magnitude, is it rates versus limiting deductions and things like that. whatever you call it, higher deductions are coming. taxes on dividends, capital gains and a look at where the s&p was trading, up 15% or so. people will start to vacate the equity markets and take profits this year while the taxes are lower. it has caused some technical damage. the negative move in equity has driven bonds higher in price. we are kind of responsive to them, in that regard, but we are also responsive to the fact that businesses are finding it very hard to mike forward plans. connell: you also procure up into the mix, the dynamic that is been there for a long time with so we are the best of the worst where the money comes to the united states because other parts of the world is struggling >> absolutely. the aid package did not get passed through. it was supposed to go through the end of the month. they have to issue some bills today. we still have until the end of the month with greece. connell: this so-called
is the environment changing because of all of this. >> the more far-sighted politicians see this coming. the mayor was out not that long ago, and it was not an announceed doctor it was not a schedule. he was just touring some of the areas. we just happened to have a camera there and we caught him being cussed out by a middle aged white guy, a middle aged black woman they looked like they were from different opportunities. and they all came together to cuss him out. this is what people can't quite get to, unlike 9/11 where everybody knew, everybody understood it, whole communities have been wiped out. chose kinds of numbers that you're talking about people, all of their neighbors where they shop, all gone. and the city seems to be functioning, the other part of the city, the celebrities in manhattan. they're still throwing their costume balls and hanging out at the clubs. the politicians sense that there is going to be an ugly response. >> eliot: not to relive the marathon decision, but for everybody who wanted life to go on we're resilient we continue and we won't let this deswayed us. but when yo
in crowded environments, with a 90-day risk free trial from providers you can trust. i'm enjoying my freedom again. even conversations in noisy restaurants are easy. not an aarp member? join today. and then take advantage of the aarp hearing care program provided by hearusa. call hearusa ... and reconnect with your world today. martha: a pair of snowboarders are trapped on mount rainier and they have made some contact with rescuers. the two initially radioed for help on sunday after they got lost in a home. they still can't reach them who are still 7500 feet up the mountain but they made visual contact with them. the snowboarders have winter gear and smartphones and a compass. they have no overnight gear. they spent the night using a snow cave for shelter. we wish them luck. bill: smart fellows. way to do it. >>> new fallout from the president's health care law. a number of major american companies, big names now, announcing big changes. wal-mart saying that employees will have to pay between eight and 36% more in premiums. leaving some to say they will skip the coverage all together. appleb
sovereign nation. and the money doesn't go to clean it up. i know mr. waxman loves the environment, so do i. but this money doesn't go for that purpose. it can be used for anything. it's not for engine technology, it's not for restoration of the environment. and it doesn't stop emissions. so this bill does represent a bipartisan, bicameral compromise. but it gives us the authority to hold their feet to the fire and get a solution. i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from west virginia. mr. lahood: mr. speaker, the gentleman i am going to yield to now may be departing the congress after this session. but we will still value his professionalism, his expertise and certainly his friendship for the very near and distant future. i'm happy to yield five minutes to the gentleman from illinois, the once chairman and now ranking member of our aviation subcommittee on transportation. the speaker pro tempore: the gentleman is recognized for five minutes. >> i thank the gentleman, the running backing member, for yieldin
environment, and taxes is one of them. reform the tax code. when you do that, you get more revenue. guaranteed almost. i mean, it's, again, it's as i said earlier, there's opportunities here, and this is an opportunity for us as a country, and as you look at the budget analysis, joint tax committee analysis of what tax reform could be in terms of economic and growth, i mean, all of them will lead to more growth whether it's corporate tax reform or individual tax reform. >> right, but if the president insists, said last friday, he said this was fought over in the campaign, and we fought over tax rates, rising tax rates, he didn't use the word "rates" himself, but the press secretary said the president would veto any bill that extends tax rates. if he insists rates go up for those making over $250,000, what would your recommendation be to the republican congress in the senate? >> working in two white houses, i believe a president has a veto over the press secretary, thank goodness, because i like the president's comments better than jay carney's comments. i think he was behind the curve on that,
environments. >>neil: very, very obvious. thank you very much. thank you for what you doing. in the meantime, did you see this ship? remember this ship? december 31, we are all on this ship? just not for very long. . hi. i'm henry winkler. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d. light absolutely free. when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ ♪ ♪ >> neil: finally, why do i feel like i'm on the deck of the titanic and frantically trying to p
green, all things relating to the environment and our energy policy how optimistic are you that we're going to find a solution to this in the coming years, which is to say the next four? >> you know, in hearing the president speak and reading -- it's i guess confused as an observer and i love listening to you but trying to parse out what it means because what it goes back to for me, in the election, when politicians were separating ow the economy from birth control i was like, no, it's the same. when we hear, we have to see what's economically sound, and when we talk about climate change and energy, didn't i just hear, and don't we think the future is green jobs and what that means? so kind of stepping back, makes me feel frustrated because i feel like isn't that the direction we need to be going in and how do we convince americans that, yeah, you know what, prices at pump have to go up if we want to have them not? >> you can ask somebody who has lost a business in coney island or in the rockaways if this is about jobs and growth. >> right. >> there are people who are going to take
to the environment than in fact was really occurring. acknowledging those lies, b.p. has agreed to plead guilty to felony obstruction of congress. make no mistake. while the company is guilty, individuals committed these crimes. and we have also unsealed today a 23 count indictment charging b.p.'s two highest ranking supervisors aboard the deep water horizon with manslaughter and violation of the clean water act. the indictment charges the two b.p. well site leaders with negligent and gross negligence on 2010. the red flags indicating that the well was not secure both men failed to take appropriate action to prevent the blow out. a separate indictment was also unsealed today charging a former senior b.p. expect sive with obstruction of a investigation and making false statements to law enforcement officials. the indictment alleges that he on behalf of b.p. intentionally under estimated the amount of oil flowing from the well. he allegedly cherry picked pages from documents, with held other documents al together and lied to congress and others to make this spill appear less catastrophic than it
in this hard-charging be the best environment, it was a take no prisoners attitude, right? >> it was. and we were two really different children. and now that i have two sons of my own and i have seen them come out i see that kids are born differently. they respond to the same type of parenting totally differently. for myself it drove me to perfection. it drove me to demand the most for myself. it drove me to study inhuman hours. i could keep going relept -- relentlessly like you do around here. i could charge harder. but for my sister, when she felt she couldn't perform and she couldn't make my mother happy, and she couldn't achieve the same things she saw me doing it destroyed her. it took a big bite out of her confidence and out of hershey thought she was. -- out of who she thought she was. >> where was your dad in all of this? >> my dad and i are very close and we talk and e-mail every day. he was a small business owner. he was someone who worked all the time. we had a very traditional family where he would go out and earn, and my mother would stay home and take care of us. i talk to my s
change christmas carol. the ghosts of the environment appear before the g.o.p. to try to save its soul. past bp gets whacked with fines and criminal charges a warning about putting profit before prudent. present. president obama visits the areas of new york hit hardest by hurricane sandy, a reminder of global warming's devastating effects. future january 20, 2013, inauguration day. a president with a mandate and a second-term agenda with climate change near the very top. so all right you republicans who wants to play the role of scrooge? >> all of those in favor signify by saying aye. >> jennifer: humbug. there is big news on the environmental frown front today. so first bp, the world's third largest oil company announced it was going to pay $4.5 billion in fines and plead guilty to 14 criminal charges connected to, of course, the giant oil spill in the gulf of mexico. that's number one. meanwhile, in new york, the president surveyed the damage from hurricane sandy. of course, which was everybody knows, precipitated
fear. and didn't happen. going forward, miss schaefer, certainly it is a very challenging environment for the republican party because you have a dependency in this country when more than half of the american homes are receiving some kind of entitlement. so much of that's earned, but a lot of it is not. more than half. they're becoming more and more dependent on washington rather than the republican vision, less and less. >> right. i think one thing democrats have been very successful at is creating many more wards of the state, if you will. that's a serious cultural shift that republicans are up against now. they need to really make the -- get the message out there that limiting -- >> bill: what would that message be though? don't take the free stuff, make it on your own? you think that message is really going to get through? in this day and age? >> it would have to be more nuance. when we're talking to women, for instance, i think they need to explain how protective legislation in the workplace, for instance, doesn't actually give you more freedom or more flexibility. >> bill: that'
back really. i'm just focused on trying to figure out what to do in this environment like i would be in any which brings us to the stock market. already sending a message to washington perhaps about the necessity of a deal on the fiscal cliff. six out of the last seven sessions have been negative. down more than 5% on fears about it but you've been bringing up the market action similarity to a certain extent to 20 plus years ago. a year ago let's not forget we were starting to deal with europe. it did not end until we got ltro, long-term refinancing operations from ecb that said we're going to -- it's not going to go bankrupt today. that's when we were watching italy above 7%. today those ten-year yields up 4.5, 4.6. >> talk about how italy has come. the economy is better than other countries. northern part of italy is increasing industrial production. that's impressive. they never gave up. italian banks some are happy with no problems funding. the reason i go back which is of the analogy why i go back that far. that's a tuesday, wednesday thing in europe. you focus on when ecb me
with our kids now where we almost want to keep them in a sterile environment, not necessarily the best thing because that is how kids build up immunities, right? >> right. i mean now we are pretty much saying well, maybe it is good to eat a little dirt. >> okay. are you an actual doctor? where did we get this guest? okay. >> mankind survived for many generations doing so and it is only in the last few generations that we've become so clean. >> that's right. >> and i'm interested in the shellfish allergies because my mom had the same problem. she turned like 50. one day, she had crab and never again. >> you develop it late in life. once you developed it, it is there. >> and why would that develop all of a sudden? ican't really tell you that. >> is this anything can you do to -- other than be exposed as a young child. is there anything you can do to prevent allergies? >> i think maybe the answer is that you are constantly he can forked to things so that you keep your level of tolerance up. if you are allergic to an antibiotic, if you have been desensitized to it and then stop taking the
're going to go through. to arrive at the idea that people have a right to a work environment where they're not being bullied. >> reporter: if passed, this legislation would give businesses the power to fire offenders. raskin says he hopes someone the sponsor the bill. you can seek lost wages and benefits. for susan, passage would mean a bigger payoff. victims not afraid to use their voice. >> they'll be able to speak up faster. they won't think twice about going to human resources. and getting the problem looked at from day one. >> reporter: angie goff, news4. >>> let's take a look at the stories trending online today. >>> no. david, no. no. david, no, no. >> she makes some good points, david. >> recognize that? ann hathaway had her third go this weekend. in addition to taking on homeland, she also did with summer calling. a spot-on impression of katie holmes. she went in for this all-digital short. this was stupid funny. okay. it's a new dance called the sloppy swish. >> no, you should be -- >> james bond "sky falls" made a franchise record $88 million in the first weekend in the u.s.
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